Lonestar Resources, Ltd. (ASX: LNR, OTCQX: LNREF) is pleased to announce that pursuant to the terms of the Company’s Senior Secured Credit Facility, which is redetermined semiannually, the Company’s Borrowing Base has been reaffirmed at $180 million. As of September 30th, 2015, the company had $79 millionoutstanding on the facility, leaving $101 million undrawn and available.

E&Ps Locking in Cash Flows and Sales Prices OPEC’s agreement to cut production levels has kicked off a rush among shale oil companies to hedge their oil price risk above $50 for 2017 and 2018. The number of E&Ps selling oil for delivery next year has pushed the WTI forward curve into slight backwardation after two years of contango. Compare[Read More…]